Panjawattana Plastic Public Co. Ltd. · SET:PJW

Panjawattana Plastic Public — H1 2014 Earnings Presentation

23 slides from Panjawattana Plastic Public's earnings presentation, Sep 2, 2014

  1. Slide 1: Operating Performance

    Operating Performance For the period of 6 months ended 30 June 2014

  2. Slide 2: Part 1 Nature of Business, Part 2 Competition Strategy, Part 3 Financial Highlights

    CG Score: Part 1 Nature of Business Operation Part 2 Competition Strategy Part 3 Financial Highlights Opportunity Day -2- September 2, 2014

  3. Slide 3: Part 1 Nature of Business Operation

    CG Score: Part 1 Nature of Business Operation Opportunity Day -3- September 2, 2014

  4. Slide 4: Product groups: lubricant, milk, consumer goods, automotive packaging

    CG Score: 1. Lubricant packaging 2. Milk and yoghurt milk sized 0.5, 0.8, 1, 3, 4, 5 and 6 Lt, and packaging larger ones sized 18 and 20 Lt sized 80 ml, 100 ml, 190 ml, 200ml, 450 ml, 830 ml, 2 Lt, and 5 Lt 3. Consumer goods & Agro 4. Automotive plastic parts chemical packaging bathroom & windshield

  5. Slide 5: Product examples by segment

    CG Score: 1. Lubricant packaging 2. Milk and yoghurt milk packaging Consumer goods packaging & Agro chemicals packaging Automotive plastic parts -5- Opportunity Day -5- September 2, 2014

  6. Slide 6: Production capacity and utilization rate

    CG Score: Unit: Tons 40,000 80% 35,000 70% 62% 68% 31,250 30,000 63% 60% 27,615 54% 58% 25,000 16% 50% 22,240 20,000 18,175 40% 17,352 17,644 15,085 1% 15,151 15,000 30% 9,458 9,555 10,000 20% 5,000 10% 0 0% 2011 2012 2013 6M-13 6M-14 Actual cap. Maximum cap. Utilization rate -6- Opportunity Day -6-

  7. Slide 7: Part 2 Competition Strategy

    CG Score: Part 2 Competition Strategy Opportunity Day -7- September 2, 2014

  8. Slide 8: Vision and mission statements

    CG Score: “Panjawattana Plastic as one of the largest plastic manufacturing based in Thailand, we determine to become the most successful plastic manufacturer not only in Thailand but also in the region. With our strong believe in building solid partnership with our customers and suppliers, we will

  9. Slide 9: Solution provider and reliable partnership with customers

    CG Score: We are as Supporting Industry with Reliable Partnership with our Customers Positioning as “Solution Provider” to increase value added to our customers - Design with concerning of customers’ total packaging cost - Co-operate and join product develop as 1st Tier supplier in automotive parts

  10. Slide 10: Competitive strengths: quality, delivery, production stability

    CG Score: emphasize on the quality of product designs, procurement of raw materials Quality of the products according to each customer’s specifications, production process control, and inspection of the finished products Punctual delivery of emphasizes on control and delivery of the products to its

  11. Slide 11: Part 3 Financial Highlights

    CG Score: Part 3 Financial Highlights Opportunity Day - 11 - September 2, 2014

  12. Slide 12: Sales portion 6M/2014 and Q2/2014

    CG Score: Sales Portion Sales Portion 6M/2014 Q2/2014 Milk & Yogurts Packaging Milk & Yogurts Packaging 14% 14% Consumer, Household & Consumer, Household & Chemical Packaging Chemical Packaging 11% 11% Automotive Parts Automotive Parts 16% 17% Lubricant Packaging Lubricant Packaging 59% 58% -12- Opp

  13. Slide 13: Overall sales and sales portion

    Consumer, Automotive Lubricant Milk & Yogurts Household & Overall parts Chemical CG Score: Sales Portion M.Baht Q2/2014 6% Milks& Yogurts Packaging 14% 1,211.12 1,280.53 8% Consumer, Household & Chemical Packaging 11% Automotive parts 17% 317.67 344.34 Lubricant Packaging 58% 2012 2013 Q2/2013 Q2/20

  14. Slide 14: Lubricant packaging sales

    Consumer, Automotive Lubricant Milk & Yogurts Household & Overall Parts Chemical CG Score: M.Baht Sales Portion Q2/2014 13% Milks& Yogurts Packaging 14% 338.76 293.60 33% Consumer, Household & Chemical Packaging 11% 103.54 Automotive parts 17% 78.01 Lubricant Packaging 58% 2012 2013 Q2/2013 Q2/2014

  15. Slide 15: Milk and yogurt packaging sales

    Consumer, Automotive Lubricant Milk & Yogurts Household & Overall Parts Chemical CG Score: M.Baht Sales Portion Q2/2014 7% Milk & Yogurts Packaging 14% 270.79 288.59 Consumer, Household & 27% Chemical Packaging 11% 67.16 85.00 Automotive parts 17% Lubricant Packaging 58% 2012 2013 Q2/2013 Q2/2014 M.

  16. Slide 16: Consumer, household and chemical packaging sales

    Consumer, Lubricant Automotive Milk & Yogurts Household & Overall Chemical CG Score: Sales Portion M.Baht Q2/2014 27% 246.44 Milks& Yogurts Packaging 14% 193.77 Consumer, Household & Chemical Packaging 11% 12% 76.20 67.27 Automotive parts 17% Lubricant Packaging 58% 2012 2013 Q2/2013 Q2/2014 Sales P

  17. Slide 17: Automotive parts sales

    Milk & Consumer & Lubricant Automotive Chemical Overall Yogurts Household CG Score: M.Baht Sales Portion Q2/2014 5% Milks& Yogurts Packaging 14% 2,010.03 2,109.16 11% Consumer, Household & Chemical Packaging 11% 539.04 600.15 Automotive parts 17% Lubricant Packaging 58% 2012 2013 Q2/2013 Q2/2014 M.B

  18. Slide 18: Revenue, expenses, COGS and net profit (6M)

    CG Score: Total Revenue and Growth Rate Operating Expense and Portion by M.Baht Revenue M.Baht 2500 5% 300 10.36% 10.20% 9.59% 10% 2,016.95 2,116.21 8.94% 2000 250 219.26 8% 10% 200 180.35 1500 1,201.45 6% 1,096.28 150 122.49 1000 105.09 100 4% 500 50 2% 0 0 0% 2012 2013 6M/13 6M/14 2012 2013 6M/13

  19. Slide 19: Revenue, expenses, COGS and net profit (Q2)

    CG Score: Total Revenue and Growth Rate Operating Expense and Portion by M.Baht Revenue M.Baht 2500 5% 300 10.36% 10.53% 9.71% 2,116.21 8.94% 10% 2,016.95 250 2000 219.26 8% 11% 200 180.35 1500 6% 150 1000 4% 601.74 100 539.94 63.34 500 52.43 50 2% 0 0 0% 2012 2013 Q2/13 Q2/14 2012 2013 Q2/13 Q2/14

  20. Slide 20: Average plastic resin price

    CG Score: AVG.Plastic Resin Price (USD/Ton.) 1,620.00 AVG =1589.17 1,600.00 1,580.00 1,560.00 1,540.00 7.9% 1,520.00 1,500.00 1,480.00 1,460.00 1,440.00 AVG =1472.50 1,420.00 1,400.00 1,380.00 1,360.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2014 Source : Plastic Industry Club / The Fed

  21. Slide 21: Assets, liabilities, equity and loan portion

    CG Score: M.Baht Total Liabilities & Total Equities Total Assets at 30 June 2014 M.Baht at 30 June 2014 2500 2,259.79 11% 2,038.03 1400 1.2 1.4 40% 0.7 1,332.46 2000 1200 1,103.05 1,454.47 1000 934.98 927.33 1500 867.52 800 574.87 600 1000 400 500 200 0 0 2012 2013 6M/14 2012 2013 6M/2014 Total liab

  22. Slide 22: Liquidity, profitability and financial ratios

    CG Score: Liquidity Ratio 2012 2013 6M/2013 6M/2014 Current Ratio (times) 1.26 0.90 1.00 0.86 Account Receivable Turnover (times) 6.48 6.00 5.94 5.60 Avg. A/R day on hand (days) 55.55 60.00 60.58 64.27 Inventory Turnover (times) 11.65 10.68 11.86 10.85 Avg. Inventory day on hand (days) 30.89 33.70 3

  23. Slide 23: Q&A

    CG Score: Q&A -23- Opportunity Day - 31 - September 2, 2014

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